To the date, oil and gas industry is the driving source of energy in the world. Over 80% of the energy demand in the world is fulfilled by the oil and gas industry.
The history of oil and gas in the U.S dates back to over 100 years ago. Started from western Pennsylvania in 1859 by the discovery of oil at Drake well, the oil and gas industry has metamorphosed into a global energy sector. With time, it has progressed immensely to make the United States the largest oil producer in the world.
The oil and gas industry has embraced technology to redefine its operation towards improved productivity. It has been progressing towards digital maturity by escalating its efficiency and increasing cost savings.
The use of various sophisticated software over the past years has abundantly helped oil and gas march towards a new era of digitalization. Below we have listed a few of the widely used oil and gas software that has been a major part of this industry.
Petrel is a widely used software that enables users to create a shared vision of the reservoir. It has been one of the prominent software used by geoscientists and engineers to analyze the subsurface data. The Petrel platform easily incorporates new data-keeping the subsurface live and current. It supports automated, repeatable workflows and allows users to interpret seismic data, performs well correlation, and build reservoir models. Moreover, users can also assess risk and uncertainty throughout the life of the reservoir and can also calculate volumes, produce maps, and design development strategies.
PHDWin is an intuitive interface that allows users to perform full-featured economic and decline curve analysis (DCA). TRC Consultants, LC is the provider of PHDWin and it has been serving thousands of clients with powerful software for more than two decades. PHDWin is a software package written by Petroleum Engineers to offer a full solution to manage, organize and estimate reserves and economics. It has sophisticated tools that facilitate evaluators with quick response and increase the overall efficiency of the evaluation process.
ArcGIS is another widely used software in the oil and gas industry. It is a geographical information system (GIS) software that enables users to visualize geographical statistics through layer building maps. Each layer in ArcGIS is registered spatially which allows the layers to overlap on top of each other creating a complex data map.
WellWatcher Advisor is a Schlumberger website that transfigures acquired data into actionable intelligence at frequencies as high as 1 s. It allows users to save abundant time by performing data analysis in a couple of hours that once used to take weeks to months of manual study. Because of its excellence in advancement with time, it received the 2018 E&P Special Meritorious Award for Engineering Innovation.
TADPRO is the most comprehensive torque and drags software in the market. It eliminates many risks associated with the drilling programs, and completions design. With its exceptional user-friendliness and graphical yields, TADPRO provides versatile and accurate calculations and its advanced features allow users to effortlessly interpret the outputs. Some of the features offered by TADPRO are Torque, drag, and stress calculation, Packer setting analysis, 2D/3D animation, Graph customization, Oscillating vibration tool, US oil field, SI and customized units, and more.
Petra is visualization software that helps to visualize outputs using mapping, cross-section, seismic interpretation, and reservoir analysis. It is cost-effective software that allows users to manage, manipulate and visualize the integrated geological, geophysical, and engineering data. Some of the key features that the Mapping Module in Petra offers are creating and customizing contour and bubble maps, displaying core and completed zones, post-digital/raster log curves to well location, and more.
CEMPRO+ is a cementing software that has transformed from a simple hydraulics program to a vast user-friendly software. It offers a better understanding of fluid displacement and covers casing centralization, surge and swab, foamed cement, and job evaluation. It is a great platform for both the service companies as well as operators to ensure safety by successful cementing jobs.
Spotfire is one of the most widely used software that offers rich insights through visual analytics. It is interactive visualization software that combines data into a single analysis. Spotfire allows users to interpret Artificial Intelligence-driven analytics and interactive data in the form of maps. It consolidates historic and streaming data to interpret trends via data science.
Harmony is another software from IHS Markit for analyzing oil and gas well performance and estimating reserves. It is a collaborative multi-user platform used by Engineers, Geoscientists, and Analysts to analyze well performance. It has been widely used to monitor well production through customizable diagnostic dashboards, to reduce IT overhead and training efforts, and to extract maximum value from well performance data.
Developed by Rock Flow Dynamics, tNavigator is a tool for integrated modeling from the reservoir to surface networks. It has been in the market for over 15 years and every year it releases four software updates. It offers a broad range of tools that allows geoscientists to complete static modeling workflow. From seismic interpretation to well correlation and from structural modeling to petrophysical modeling, it helps geoscientists to understand current fields and prospects to make geological decisions.